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Ondot Systems’ CardConnect Enables Consumers and Banks to Converse in Real Time

Ondot Systems’ CardConnect Enables Consumers and Banks to Converse in Real Time

This post is part of our live coverage of FinovateSpring 2015.

FS2015_Ondot_logoOndot Systems launches its CardConnect solution:

CardConnect utilizes the smartphone app and location, and transaction context, to establish an instant communication channel enabling financial institutions and consumers to converse in real-time.

• Card Issuers can notify at-risk cards to consumers and set higher level of controls
• Card Issuers can request consumers to confirm any transaction in real-time
• Consumers can initiate transaction disputes from their mobile device
• Consumers can set travel notifications, and card issuers can automatically update notifications using location tracking on consumers’ phones
• Consumers can rate transactions, and card issuers can use aggregate ratings to create personalized contextual offers

Presenter of the CardConnect solution: Vaduvur Bharghavan, CEO, Ondot

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Product Launch: May 2015

Product distribution strategy: Through financial institutions

HQ: San Jose, California
Product Demoed: CardConnect
Website: ondotsystems.com